Comparative taxation
There are arguments in the USA over the proper level of taxation, but most Americans have only a vague idea of how taxes in this country compare with taxes in other countries.Here is how income and national sales taxes in the the AP6 compare to those taxes in the USA. If you're not familiar with value added taxes,VAT, they are basically national sales taxes.
Country Income Taxes Social Security Taxes VAT
Corporate Individual Employer Employee
China 25% 3-45% 30% 11% 17%
Iran 15-35% 10-35% ( 15-35% ) 0-9%
Mexico 30% 0-30% 7% 2% 16%
Nigeria 30% 7-24% ( none ) 5%
Russia 20% 13% 30% 0% 18%
UK 20% 0-45% 13.8% 12% 20%
USA 15-35% 0-39% 7.65% 5.65% 0%
What policy differences would you predict from these numbers? What political issues would you expect to be argued over taxes in each nation?
posted by Ken Wedding @ 5:30 AM
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